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Arf’s Onchain Liquidity Volume Surpasses $1 Billion

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Onchain liquidity backed by real world asset tokenization helps global financial institutions accelerate cross-border payments

ZUG, Switzerland, March 6, 2024 /PRNewswire/ — Arf, a global transaction services platform at the intersection of Web3 and traditional finance, announced that it has surpassed $1 billion in onchain liquidity volume to support global payments. This milestone underscores Arf’s category-defining leadership with its unique blend of blockchain-powered solutions for global financial institutions.

“Arf was established with the objective to transcend the limitations of existing financial frameworks through the application of innovative technologies. Our vision emphasizes catalyzing innovation and regulatory development by tackling real-world issues, with the ultimate goal of laying the foundation for a financial system that is universally more accessible and used by billions over the next decade.” said Ali Erhat Nalbant, Co-founder and CEO of Arf.

Embracing the Challenges of Global Payments with Groundbreaking Solutions

To ensure adequate liquidity for global transactions, financial institutions rely on their own equity or credit from lenders. However, these practices limit their capital structures and present opportunity costs for growing transaction volumes. Likewise, lenders such as banks encounter challenges in funding financial institutions due to a lack of operational transparency and robust risk management.

In response to these challenges in the global payments industry, Arf introduced the world’s first RWA-based working capital solution for global transactions. Arf Liquidity brings internet speed to international payments, and addresses a $4 trillion liquidity gap through blockchain technology. Supported by Stellar, Arf is at the forefront of providing enhanced access to the global financial system, proving the practical value of blockchain in solving real-world financial challenges.

“As a steadfast supporter of Arf’s innovative journey, we are thrilled to witness their remarkable achievement of reaching $1 billion in onchain liquidity volume on Stellar,” said Phil Meng, Head of Treasury and Capital Markets at Stellar Development Foundation. “This milestone is proof of utility realized, using a Stellar asset and rails for cross-border settlements to solve a real pain point for payment companies and advance global payments. Arf’s success is a testament to the power of blockchain technology in creating equitable access to financial services, and we are proud to be part of this transformative journey. We’re excited to see the next phases, especially with the recent enablement of smart contracts on Stellar.”

Innovation Beyond Financing: Arf’s Transparency Protocol

Arf’s commitment to innovation extends to its onchain transparency protocol, a testament to leveraging blockchain’s core attribute: transparency. This protocol ensures that all financial activities, including liquidity provision, repayments, and overdue payments, are accurately represented onchain. It eliminates the need for intermediaries, offering risk mitigation for liquidity providers and enabling them to make informed strategic fund allocations. For financial institutions, it means access to traceable transactions and scalable liquidity solutions.

Expanding Horizons in Global Transaction Services

Arf is expanding its horizons into global transaction services, targeting $100 billion in transactions by 2025. This strategic move aims to eliminate traditional obstacles that have limited liquidity access in the global payments industry, supported by Arf’s transparency protocol and scalable liquidity. This initiative ensures a more inclusive and efficient financial industry.

About Arf

Arf is a global transaction services platform that provides scalable liquidity to financial institutions. Arf’s innovative approach has earned PAY360’s “Best Lending Initiative,” and a spot among the “30 Most Promising Cross-Border Payments Companies” by FXC Intelligence. Headquartered in Switzerland, Arf is a member of the VQF Financial Services Standards Association. For more information, visit arf.one.

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Lunchbox Launches The Catering Leadership Summit: In-Person Event Focused on Scaling Restaurant Catering

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NEW YORK, May 6, 2025 /PRNewswire/ — Lunchbox, the enterprise restaurant technology platform, is hosting The Catering Leadership Summit, a live, in-person event dedicated to helping restaurant brands grow their catering revenue and optimize off-premises operations.

Taking place on June 25th, 2025, from 2:00–5:00 PM at Emmy Squared Pizza in Midtown West, NYC, the industry gathering will bring together restaurant executives, digital leaders, and catering managers for a panel discussion and structured networking happy hour. Attendees will also have the opportunity to join a limited-capacity tour of Lunchbox client Maman’s new flagship location in New York, featuring a behind-the-scenes look at its catering operations guided by Guss Firestein.

Featured Panel:
Scaling Catering Profitably: What the Most Successful Brands Are Doing Differently

Moderated by Lunchbox CEO James Walker and paneled by leaders at Emmy Squared and NAYA, the discussion will dive into strategies for increasing catering profitability, leveraging first-party data, guest relationships, and tech-powered efficiencies.

“As more brands recognize the untapped potential of catering, this forum will serve as a place to learn from peers and take home actionable insights,” said James Walker, CEO of Lunchbox. “We’re excited to bring leaders together for a conversation on where catering is headed and how to make it more profitable.”

The forum—hosted by Lunchbox with primary sponsorship from Shift4 and additional support from 1Huddle—will conclude with a structured networking happy hour, complete with Detroit-style pizza and drinks, allowing attendees to connect with fellow operators and industry professionals in a casual setting.

Event Details:

Date: June 25, 2025Time: 2:00 PM5:00 PMLocation: Emmy Squared Pizza – Midtown West, NYC
200 W 60th St, New York, NY 10023

The event is free to attend for restaurant executives, but space is limited.
To reserve a seat, visit: https://info.lunchbox.io/catering-leadership-summit

About Lunchbox
Lunchbox is the premier restaurant technology platform for enterprise chains, offering a full suite of solutions for digital ordering, catering, order aggregation, marketing, loyalty, and analytics. Built for scale, Lunchbox powers 5,000+ restaurant locations including Firehouse Subs, Paris Baguette, Clean Juice, and BRIX Holdings. Learn more at www.lunchbox.io.

Media Contact:
Adriana Desmond
Head of Marketing
adesmond@lunchbox.io 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/lunchbox-launches-the-catering-leadership-summit-in-person-event-focused-on-scaling-restaurant-catering-302447089.html

SOURCE Lunchbox

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Iridium Equips 9603 Module with Enhanced Short Burst Data Capabilities for Government Users

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MCLEAN, Va., May 6, 2025 /PRNewswire/ — Iridium Communications Inc. (Nasdaq: IRDM), a leading provider of global voice and data satellite communications, today announced a special U.S. government version of the Iridium® 9603 module built for Enhanced Short Burst Data (ESBD). ESBD is a low-latency and secure messaging service designed to provide optimal transmission security (TRANSEC) for the U.S. government and approved allies.

The ESBD version can act as a drop-in replacement for the existing Iridium 9603 Short Burst Data® (SBD®) module. Alongside Iridium’s known reliability and resiliency, Iridium 9603 ESBD can deliver secure one- or two-way messaging with an increased payload capacity for mobile-originated (MO) and mobile-terminated (MT) messages. Example applications range from command and control (C2) and image data transfer to personnel and asset tracking.

“Iridium 9603 ESBD is a testament to Iridium’s commitment to investing in secure, low-latency solutions that address threats in the changing global environment,” said Scott Scheimreif, executive vice president, government programs, Iridium. “The new module offers end-to-end communication security for critical operations, helping ensure warfighters can exchange vital information with confidence — no matter the environment. This capability not only safeguards mission success but also reflects the Department of Defense’s trust in Iridium’s proven technology, network reliability, and operational excellence.”

The upgraded module represents the latest innovation of Iridium to support the Enhanced Mobile Satellite Services (EMSS) program, a decades-long partnership that delivers truly global standard and secure voice, broadcast, PTT, and other services to an unlimited number of Department of Defense and DoD-approved subscribers anywhere on Earth. Iridium 9603 ESBD is targeted to be made available to EMSS-approved value-added manufacturers in July.

With its unique low-Earth orbit (LEO) satellite network, Iridium provides resilient L-band connectivity and unparalleled global coverage that does not encounter permanent line-of-sight blockages faced by geostationary (GEO) systems. This helps to ensure the delivery of mission-critical communications for the DoD and other federal agencies. Whether in high-risk combat zones or during inclement weather events, the Iridium network provides pole-to-pole satellite communications that keep users connected when it’s needed most, making it critically important for the Joint All Domain Command and Control’s (JADC2) Primary, Alternate, Contingency, and Emergency (PACE) communications architecture. 

About Iridium Communications Inc.
Iridium® is the only mobile voice and data satellite communications network that spans the entire globe. Iridium enables connections between people, organizations, and assets to and from anywhere, in real time. Together with its ecosystem of partner companies, Iridium delivers an innovative and rich portfolio of reliable solutions for markets that require truly global communications. In 2024, Iridium acquired Satelles and announced the Iridium Satellite Time and Location® service. Iridium Communications Inc. is headquartered in McLean, Va., U.S.A., and its common stock trades on the Nasdaq Global Select Market under the ticker symbol IRDM. For more information about Iridium products, services, and partner solutions, visit www.iridium.com.

Press Contact:                     

Investor Contact:

Jordan Hassin                     

Kenneth Levy

Iridium Communications Inc. 

Iridium Communications Inc.

Jordan.Hassin@Iridium.com   

Ken.Levy@Iridium.com

+1 (703) 287-7421                 

+1 (703) 287-7570

X: @Iridiumcomm               

 

 

SOURCE Iridium Communications Inc.

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Stagwell (STGW) Acquires Experiential Marketing and Creative Agency JetFuel

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NEW YORK, May 6, 2025 /PRNewswire/ — Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, today announced the acquisition of JetFuel, an experiential marketing services agency that accelerates brand awareness through experiences, content and conversations. JetFuel will become a subsidiary of Stagwell’s integrated experiential agency TEAM.

Launched in 2016 and headquartered in New York City, JetFuel has progressively grown both its client base and capabilities to become a top independent agency renowned for its expertise in live brand experiences, retail and shopper marketing, digital content and sponsorship activations. JetFuel maintains the mentality of a start-up and the heritage of a traditional agency, working to ignite change, transform brands, disrupt the status quo, spark innovation, and inspire advocacy. JetFuel is best known for delivering live brand experiences for clients including Walmart, Unilever, Kimberly Clark and Feastables.

“JetFuel’s award-winning experiential capabilities strengthen our commitment to delivering best-in-class experiences for our clients’ customers,” said Stagwell Chairman and CEO Mark Penn. “This acquisition underscores our strategy to keep Stagwell just the right size to produce game-changing work for clients.”

The addition of JetFuel follows Stagwell’s acquisitions of Gold Rabbit Sports and ADK GLOBAL earlier this year, and a total of 11 acquisitions throughout 2024.

“Joining forces with Stagwell marks the beginning of an extraordinary new chapter for JetFuel. Together, we share a bold ambition to reinvent what live brand experiences can be — pushing boundaries, inspiring deeper connections, and setting new standards for innovation. With access to Stagwell’s high level insights and data resources, as well as integration with their world class creative thinking, we’ll be able to design experiences that are not just more effective and efficient, but truly transformative for our clients and their audiences,” shared Abe Sorcher, CEO of JetFuel.

“We’re excited to bring JetFuel into the network and continue to build out the experiential discipline at Stagwell, as clients continue to recognize the value of authentic live connections in a digital-first world,” added Dan Gregory, CEO of TEAM. “Investing in this key offering and having a diverse roster of agencies who can deliver results-driven campaigns is a game changer.”

Kidron Capital Securities acted as the financial advisor to JetFuel for this transaction.

About Stagwell
Stagwell is the challenger holding company built to transform marketing. We deliver scaled creative performance for the world’s most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our specialists in 45+ countries are unified under a single purpose: to drive effectiveness and improve business results for our clients. Join us at www.stagwellglobal.com.

About TEAM
TEAM is an agency dedicated to making impactful brand experiences. We bring big ideas to life in ways that are not just seen and heard but truly felt. Every year, we design and deliver over 100,000 brand activations and events across the globe. Our brand playbooks merge commercial success with creative brilliance, creating meaningful connections and nurturing community spirit. Whether building brands from scratch or revitalizing existing ones, we infuse them with vitality, authenticity, and tangible platforms for interaction. By prioritizing scaled experiences at the core of brand strategy, we empower brands to build deeper relationships, share compelling stories, and engage with audiences authentically. Visit www.weareteam.com to learn more.

About JetFuel
JetFuel is a brand accelerant built with the hustle mentality of a start-up and the heritage of a traditional agency. At JetFuel, we’re not just making noise – we’re igniting change. We believe in the boundless power of creativity to transform brands, disrupt the status quo, spark innovation, and inspire advocacy. We create live experiences & breakthrough content that paves the way, and for people to share through discovery. We live for, sweat for, and celebrate these moments. It’s these moments that define JetFuel. JetFuelStudio.com    

Contact 
Kara Gelber
PR@stagwellglobal.com

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SOURCE Stagwell Inc.

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